Tax liability

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2012 Can any one please tell me that what is the Tax Liability Slab & how any company will come to know that whether they have to pay tax Monthly / Quarterly / Half Yearly

Thank you

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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23 March 2012 ) If tax liability exceeded
Rs. 10,00,000- or
2) refund exceeded
Rs. 1,00,00,000 thn Monthly

1) Tax liability exceeded Rs. 1,00,000 but did not exceed Rs. 10,00,000 or
2) Refund exceeded Rs. 10,00,000 but did not exceed Rs. 1,00,00,000
3) PSI Units thn quarterly

1) Tax liability up to Rs.1,00,000 or Refund up to Rs. 10,00,000
2) Retailers who opted for Composition
3) Newly registered dealers thn half yearly

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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23 March 2012 http://www.mahavat.gov.in/Tin_Search/Tinsearch.jsp cheak periodicity

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Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2012 Thank you, CA Pawan